What a Day!

Today I was revisited by an old friend - Never fight the fed. I went into the evening by staying short on all of my positions. I made the assumption that LEH would fall the way of BSC and the morning would have a negative open and then a recovery by mid morning looking for the Fed's interest rate cut. I was mistaken. My account was halfed today, however, I still believe we are in a bear market. The indictors still point to a downward trend. In addition, the volume of today's rally was not high. In addition, the VIX movement was very interesting. I completely didn't watch the VIX this time and I paid the price. Never again.